Experiments on the Fragility of Cooperation and Mechanisms to Overcome this Problem

Language: English

Published by Cuvillier Jul 2011, 2011

3869558172 / 9783869558172

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This item is printed on demand - it takes 3-4 days longer - Neuware -In experimental economics cooperation is frequently modeledby a so-called public-good design. This design tries to depict the problem that cooperation is benefi cial for every participant but that there are individual incentives to free-ride, i.e., to invest no personal effort to increase the common welfare. In public-good experiments cooperation usually breaks down due to imperfect conditional cooperation if measures like sanction possibilities, reputation-building or communication are absent. We contribute to the literature in a number of ways. For example we introduce a new dynamic public-good design to analyze whether subjects behave differently when they do not receive new resources in a multiperiod public-good design. We further provide a monitoring mechanism that mitigates the free-riding problem, in the fi rst study with a linear and in a second study with a non-linear production function. However, the costly implementation of the monitoring in itself represents either a (second-level) step-level public-good or a second-level linear public-good in the latter case. Finally we introduce a limit on punishment. 140 pp. Englisch.…

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Bibliographic details

Title
Experiments on the Fragility of Cooperation and Mechanisms to Overcome this Problem
Author
Stefan Grosse
Publisher
Cuvillier Jul 2011
Publication year
2011
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3869558172
ISBN 13
9783869558172
Item weight
384 grams
Dimensions
297x210x7 mm

BuchWeltWeit Ludwig Meier e.K.

Bergisch Gladbach, Germany

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